Posted on 01/28/2016 4:56:19 AM PST by CSM
Full Title: FORD REPORTS RECORD FULL-YEAR PRE-TAX PROFIT OF $10.8B; NET INCOME OF $7.4B; FOURTH QUARTER PRE-TAX PROFIT UP 96 PERCENT
DEARBORN, Mich., Jan. 28, 2016 – Ford Motor Company [NYSE: F] today reported its preliminary 2015 full year and fourth quarter financial results. View the press release here and visit shareholder.ford.com to view the slide presentation and access the webcast to Ford’s earnings call, which begins at 9 a.m. EST with Mark Fields, president and chief executive officer, and Bob Shanks, executive vice president and chief financial officer.
Highlights Include:
Record full year 2015 pre-tax profit, excluding special items, of $10.8B, up $3.5B; after-tax earnings per share of $1.93, excluding special items, up $0.59 cents from a year ago; full year net income of $7.4B, up $6.1B; after-tax earnings per share of $1.84, up $1.53 from a year ago
Fourth quarter pre-tax profit, excluding special items, of $2.6B, up $1.3B; net income of $1.9B, up $4.4B; after-tax earnings per share of $0.58, excluding special items, up $0.28 from a year ago
In my screen typeface, at first I thought it read profits of $10.88. That would have been funny.
Guess they are still to poor to issue a recall on 2010 F-150 rear slider windows that shatter or blow out when the rear defroster is turned on.
CSM, good to see ya bud. Sadly my gut feel is WS will treat it as a ho-hum and the stock will go sideways at best. I hate to get conspiratorial, but Ford is making real cars, and real profits Vs. some electric wiz toy with a stock price thru the moon and someone else who’s Obama’s pet who took bailouts and their stocks are way higher. It makes no sense, or no one knows what real value is, or someone is shorting their brains out against the home team.
Then they could have afforded to built the Mexican factory here.
Yep. They could have picked a nice right to work state and built some nice Made In America products. The good news is they will be able to afford tariffs for importing cars from slave labor countries.
Gee, they better move that factory to Mexico, they are really hurting. /sarc
Apple made $18B in profit and uses suicidal coolies to make their iPhones.
TD, good to see you too. I figured it would be nice to post something positive for FR, so I grabbed this announcement. I agree with you tho, WS always seems to treat FoMoCo’s profits as a negative!
If you go to the links and look at the actual numbers, you’d notice that it is on average around $600 per vehicle sold. The factory in Mexico will likely have a product that will be losing money, so no it isn’t as “affordable” as many think.
The right to work state they coulda picked is the state next door - Arizona.
Hermosillo is a dusty wide spot in the road. No one there ever bought a new Ford or Cheby.
But the citizens of Arizona did. So what did Ford ever do for them?
Nada damn thing.
To put that into perspective, Apple made $18.4 billion -- in a single quarter...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.